This is just a heads up to any REDDCOIN holders.
I was about to start staking RDD and so took a better look at them.
Reddcoin is in partnership with a company called Invetaco or INVESTA. They are just finishing an ICO.
They say they are launching a Mastercard and world wide ATM machines.https://investaco.in/
I looked them up on companies house UK and they are registered to 95 Uxbridge Road, Sheperds Bush, London.
It looked doggy because I know this road and its a dump.
So I went to pay them a visit and the address is an empty property office.
Further study shows that a few companies have been registered and folded at this address.
I looked up the CEO Nick Moore and he does not exist with the credentials that they claim.
I mean seriously could he not nick any more.
Looks like a total scam to me and I have sold my RDD
Contacted Reddcoin and they appear to have never met Nick Moore but insist that everything is OK

The whole thing stinks, do your own study before making any moves but this is what I have found.
If correct then this could be really bad for REDDCOIN because they have been used to bring followers to the ICO.

"This report surveys the legal and policy landscape surrounding cryptocurrencies around the world. This report covers 130 countries as well as some regional organizations that have issued laws or policies on the subject. The past four years have seen cryptocurrencies become ubiquitous, prompting more national and regional authorities to grapple with their regulation. The expansive growth of cryptocurrencies makes it possible to identify emerging patterns."

Note: I'm not confident & I don't claim to know much about Cryptos. I do feel there is a lot we don't know yet. What scares me, is if all one's tangible assets could be monetized and if, for some reason you were to overdraw your account via an emergency, medical or accidental injury, then, either portions or worst case, all of assets could be taken to pay for services rendered at the time rendered. Would it be dependent on crypto value + asset value as total balance in your account vs cost of emergency?

You could end up with a negative balance even after assets went toward total cost of goods or services rendered.

Watching Mike Maloney's "The Hidden Secrets of Money". This series is really good and easy to understand. I have watched episode 4 several times, it covers both how the Federal Reserve creates money out of thin air & how the local bank does the same thing. I find that watching the visuals helps me retain the information better than reading it. Mike is a gold/silver guy but don't let that deter you from watching a really good series. I recently watched his episode on the block chain and finally understood the technology.

A glimpse into the dark underbelly of cryptocurrency marketshttps://medium.com/@nic__carter/a-glimp ... 690b761eaf
Nic Carter is the cofounder of coinmetrics.io, a free on-chain data source, and a partner at Castle Island Ventures, a fund which takes seed stage equity stakes in operating businesses building services for, and on top of, public blockchains.

NOTE: As always, I don't claim to know cryptos. I do read the better articles by those in the know because I try to learn. Feel free to discuss article & decode it, criticize it, or?

"In July, Financial News reported that BlackRock — it manages assets worth $6.3 trillion — had begun discussing whether to invest in Bitcoin futures and was also exploring other ways to gain exposure to cryptocurrencies and blockchain technology. In an interview with Reuters, BlackRock CEO Larry Fink said the firm had set up a working group to explore Bitcoin and other cryptocurrencies. “We are a big student of blockchain,” Fink said.

The Securities and Exchange Commission (SEC) has already rejected a number of Bitcoin ETF proposals. The notable ones are the fund proposed by Tyler and Cameron Winklevoss (Founders of Gemini, a New York-based cryptocurrency exchange), ProShares that tracks Bitcoin futures contracts, and another from GraniteShares (fully funded ETF Company). The reason for rejection of the proposals was mentioned in the rejection document presented by the SEC under the heading “Protecting Investors and the Public Interest.”

Latest: Satoshi vs. Bitcoin Jesus: Bitcoin Cash Battle Turns Personal - November 14, 2018https://www.bloomberg.com/news/articles ... hnology-vp
Craig Wright, the self-proclaimed inventor of Bitcoin under the pseudonym Satoshi Nakamoto, is poised to win a fight that will likely lead to the creation of another version of Bitcoin Cash, the original offshoot of the biggest cryptocurrency. A group headed by the controversial Australian is expected to take control tomorrow of the world’s fourth-largest cryptocurrency following a software upgrade.

Wright, who claimed in 2016 that he created the computer-based currency under the pseudonym Satoshi ‎Nakamoto, allegedly schemed to use phony contracts and signatures to lay claim to bitcoins mined by colleague Dave Kleiman, another cryptocurrency adherent, who died in 2013, according to a lawsuit filed by Kleiman’s brother.

Kleiman’s family contends they own the rights to more than 1 million Bitcoins and blockchain technologies Kleiman mined and developed during his lifetime and that the assets’ value exceeds $5 billion, according to the Feb. 14 filing in federal court in West Palm Beach, Florida.

“Craig forged a series of contracts that purported to transfer Dave’s assets to Craig and/or companies controlled by him,’’ lawyers for Kleiman’s family said in the complaint. “Craig backdated these contracts and forged Dave’s signature on them.’’ https://www.bloomberg.com/news/articles ... -colleague

January 30, 2018 Did the NSA Create Bitcoin to Usher in One World Currency?https://www.zerohedge.com/news/2018-01- ... d-currency
"It is true, the National Security Agency created part of the code for Bitcoin [with MIT's help]. When you first hear that, it is pretty jarring. It seems like a smoking gun! Case closed, conspiracy theory proven."

I am not ever getting involved in Cryptos. Your opinion, or trust, might be very different than my own.

Below are some recent article excerpts laying out Israel‘s effort to establish a global digital currency. Keep in mind that the central bank of central banks, the Bank for International Settlements (BIS), is located in Basil, Switzerland.
Basil is also where the First Zionist Congress met in 1897, leading to the creation of the state of Israel.

Reuters reports that the two nations have now agreed to collaborate on financial technology, cryptocurrency, and blockchain regulation following their discussion with the Israeli government.

Gasser also stated that Gasser said he was preparing a report blockchain regulation methods and factors and would be submitting recommendations by the end of the year with the aim that parliament could approve in 2019 and the new regulations could be implemented the following year.

“In the new and surprising economic world order, Israel could gain a degree of wealth not seen since the days of King Solomon.

For the Western world, strong new alliances between certain non-Western countries constitute something of a mystery. But while the West is distracted by political uprisings and remains enamored with the idea of its own “manifest destiny,” a new world order is emerging, dominated by up-and-coming global superpowers like Russia, China and India. …

China has started another initiative that, according to global economist Jean-Pierre Lehmann, could bring about “the most dramatic transformation of the world economy since the Industrial Revolution.”

The project is called the Belt and Road Initiative. Unveiled only four years ago, it will take an estimated $7.5 trillion to develop. … No less than 75 nations have joined the Silk Road Chamber of International Commerce. …

Israel is positioned to guard the world’s Internet. Everything today is traded, controlled and administered online. And Israel is emerging as the world’s number one guardian of the worldwide web. That means, regardless of being a few miles offtrack from China’s Land and Maritime Roads, it is positioned to be the center of both belts.

Economists worry that China’s ambition could trigger a global economic collapse; a currency collapse, specifically. Maybe BRICS and One Belt One Road don’t care. A global currency collapse might be seen as a way to wipe the slate clean of nation-based currencies, especially the US dollar, and establish an international one: like Bitcoin, perhaps.

If Bitcoin is the model for a new Internet-based global currency, Israel is likely to be its guardian too, protecting that currency from hackers around the world.“

“There should be a sort of UN for the Internet. A coalition of the leading companies in the cyber world… and in my opinion Israel is the most advanced.

Netanyahu voiced his hopes of “turning the Internet from a curse to a blessing,” and relayed his plans for the recently formed Cyber Division in the Negev city of Beersheba.

“The Cyber Division was formed so we can share these abilities with others,” the prime minister added. “This plan will enable the growth of hundreds of cyber-tech companies that would not have existed otherwise. We see it as a cooperation between the government and the business world that we are committed to for the years ahead.“